Several storms pass through the state every year, which is why it’s important to know the full extent of your insurance coverage. What are the things you should know about hurricane damage coverage?
Policyholders Pay a Deductible Annually
Insurance companies in some states charge hurricane deductibles ranging anywhere from one percent to five percent of the insured value of your home. Contrary to what some homeowners think, the deductible needs to be paid annually, not just every time there’s a hurricane.
What a Standard Insurance Policy Usually Covers
A standard insurance policy would normally cover the structure of your home, detached units such as sheds or detached garages, your personal belongings, and living expenses while your home is undergoing storm damage roof repair. In most cases, insurance companies will only pay for approximately 50 to 70% of the insured amount for your property.
What a Standard Policy Doesn’t Cover
You’ll need to get a separate insurance policy for floods, as insurance policies don’t usually cover flooding damage. If you took out a mortgage to purchase a home in a federal flood zone, you probably had to buy flood insurance through the National Flood Insurance Program (NFIP). If you did, the NFIP insures your house for up to $250,000 and your belongings for up to $100,000.
Filing a Claim Isn’t as Easy as It Seems
The process for filing a claim with your insurer isn’t as straightforward as it seems. If you’re having trouble filing a claim, there’s always the option of consulting a residential roofing contractor specializing in insurance claims assistance.
Looking for insurance claims specialists near you?
4U Roofing offers a wide range of professional roofing services, including storm damage repair, insurance claims processing assistance, and roof replacement services. To request a quote, call us at (251) 929-9577 or fill out this form. Talk to us today!